Amcor to Acquire Berry Global in $8.4 Billion Packaging Deal (1)

Amcor Plc agreed to acquire Berry Global Group Inc. for about $8.4 billion in a combination of two of the world’s biggest makers of packaging.

Shareholders of Evansville, Indiana-based Berry will receive 7.25 Amcor shares for each Berry share in the all-stock transaction, according to a statement. At $73.59 per Berry share, the price represents a roughly 10% premium to Monday’s close.

Shareholders of Amcor, which is based in Zurich, will hold about 63% of the combined companies, which have revenue of $24 billion, according to the statement.

The packaging industry has seen a run of deals in ...